Shares of Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC have earned a consensus rating of "Buy" from the seven ratings firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$20.00.
Several equities research analysts have commented on K shares. National Bankshares boosted their target price on Kinross Gold from C$22.00 to C$23.00 and gave the stock an "outperform" rating in a report on Wednesday, April 2nd. Stifel Canada raised Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. National Bank Financial raised Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. BMO Capital Markets upgraded Kinross Gold to a "strong-buy" rating in a research note on Wednesday, April 16th. Finally, Stifel Nicolaus boosted their price target on Kinross Gold from C$23.50 to C$24.50 and gave the stock a "buy" rating in a research note on Wednesday, May 7th.
Read Our Latest Stock Analysis on Kinross Gold
Insider Buying and Selling at Kinross Gold
In other news, Senior Officer Claude J.S. Schimper sold 20,000 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of C$15.86, for a total value of C$317,156.00. Also, Senior Officer Laurence Davies sold 10,000 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of C$16.58, for a total value of C$165,800.00. Over the last quarter, insiders sold 56,339 shares of company stock valued at $957,708. Company insiders own 0.26% of the company's stock.
Kinross Gold Stock Down 0.5%
Shares of K traded down C$0.10 on Tuesday, reaching C$20.14. The stock had a trading volume of 6,308,157 shares, compared to its average volume of 3,575,884. The firm has a market capitalization of C$17.51 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. The company has a 50-day simple moving average of C$19.48 and a 200-day simple moving average of C$16.61. Kinross Gold has a 12-month low of C$9.91 and a 12-month high of C$22.01.
Kinross Gold Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.60%. Kinross Gold's dividend payout ratio is presently 18.84%.
Kinross Gold Company Profile
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Get Free ReportKinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.
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